The Hub: News & Events for October 7, 2019

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October 7, 2019


Central 1 News

B.C. Economic Briefing
• Resources drive plunge in goods exports
• Population growth climbs at moderate pace driven by international inflows
• Lower Mainland home sales head back to normal, market conditions stabilizing

Ontario Economic Briefing
• Ontario's population up by over 82,000 net new residents to 14.6 million in the second quarter
• Weaker production of motor vehicles and parts brings down the overall motor vehicle and parts manufacturing in July
• Tourists spent a larger chunk of their money on accommodations and transportation costs in the second quarter over the first quarter of 2019
• Exports remained nearly unchanged in August after very robust growth in July
• Toronto's existing home prices moved up only 1.2 per cent in September 

CMHC Advisory: Increase to Large Borrower Threshold for Multi-Unit Residential Properties - login required 
We have updated the large borrower threshold to $75 million, from $50 million. This is reflected in section 4.3.1 in Part 2 of The Handbook for CMHC Approved Lenders Insurance Initiation – Multi-Unit Residential Properties (5+ units). 
Central 1 Events
October 28-29, 2019
PeopleFocus 2019
Coast Coal Harbour Hotel, Vancouver

November 12, 2019
Ottawa Contact Meeting
319 McRae Ave, Unit 1, Ottawa,
Save the date
November 13, 2019
London Contact Meeting
Four Points by Sheraton, London
Save the date
November 14, 2019
Toronto Contact Meeting
Sheraton Toronto Airport Hotel & Conference Centre
Save the date
Button to Credit Union Careers
Button to Central 1's Economic Insights
Button to our Annual Research Package

Industry News

Credit Union News
SASCU Invites Community to Celebrate Credit Union Day® (Press Release)

TSX dips on trade anxiety; Hexo drops after CFO exits (Reuters)

Industry News
HSBC set to reduce workforce by 10,000 jobs, sources say (Financial Post)

The wage gap is shrinking: Women earned 87 cents for every dollar earned by men in 2018 (CBC)

PayPal pulls out of association for Facebook's Libra cryptocurrency (CNN)

Bitcoin Recovers From Below $8,000 as Traders Look for Support (Bloomberg)

Industry Events

October 21-22, 2019
Everlink Connections 2019
Hilton Toronto

October 22, 2019
Invest with Impact- PRMIA and CAIA
SFU Segel Building

Vancouver, BC

December 3, 2019
Annual Credit Union Forum & Holiday Luncheon

Liuna Station
Hamilton, ON
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Central 1 Credit Union, All rights reserved.

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Central 1 Credit Union - Member & External Communications · 1441 Creekside Drive · Vancouver, BC V6S 4J7 · Canada


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